PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU) Trading Up 0% – Time to Buy?

PIMCO Short Term Municipal Bond Exchange-Traded Fund (NYSEARCA:SMMU)’s stock price rose 0% on Monday . The company traded as high as $50.53 and last traded at $50.53. Approximately 60,835 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 114,278 shares. The stock had previously closed at $50.52.

PIMCO Short Term Municipal Bond Exchange-Traded Fund Trading Up 0.0%

The company’s fifty day moving average is $50.42 and its 200-day moving average is $50.54.

Institutional Investors Weigh In On PIMCO Short Term Municipal Bond Exchange-Traded Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its holdings in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 9.5% in the 4th quarter. Captrust Financial Advisors now owns 1,047,846 shares of the company’s stock valued at $52,843,000 after buying an additional 90,992 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of PIMCO Short Term Municipal Bond Exchange-Traded Fund by 7.3% in the third quarter. JPMorgan Chase & Co. now owns 958,785 shares of the company’s stock worth $48,486,000 after buying an additional 65,491 shares during the last quarter. John A. Wolfe & Associates Inc. acquired a new stake in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the fourth quarter worth about $24,554,000. Davis R M Inc. grew its holdings in PIMCO Short Term Municipal Bond Exchange-Traded Fund by 6.1% during the third quarter. Davis R M Inc. now owns 72,517 shares of the company’s stock worth $3,667,000 after acquiring an additional 4,147 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in PIMCO Short Term Municipal Bond Exchange-Traded Fund during the first quarter valued at approximately $2,924,000.

About PIMCO Short Term Municipal Bond Exchange-Traded Fund

PIMCO Short Term Municipal Bond ETF, formerly PIMCO Short Term Municipal Bond Strategy Fund, is an exchange-traded fund. It is designed to be appropriate for investors seeking tax-exempt income. The Fund consists of a portfolio of primarily short duration, bonds which carry interest income that is exempt from federal tax and in some cases state tax. The Fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds).